FISCAL NOTE
Date Requested: January 23, 2015
Time Requested: 12:58 PM |
| Agency: |
Motor Vehicles, Division of |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 2466 |
Introduced |
SB293 |
|
|---|
| CBD Subject: |
Motor Vehicles |
|---|
|
FUND(S):
Road Fund
Sources of Revenue:
General Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
Vehicle Registrations/Documents
Quantity Increase Total
Certification of Record 15,000 $ 2.00 $ 30,000
Vehicle Record 5,000 $ 6.00 $ 30,000
Title Document Fee 814,016 $16.00 $13,024,256
(Includes duplicate &
Instant print titles)
Registration Transfer 201,718 $ 1.00 $ 201,718
Cosmetic Damage Titles 14,849 $16.00 $ 237,584
and Reconstructed Titles
Salvage Title 21,300 $ 6.00 $ 127,800
Lien Recording Fee 331,021 $ 8.00 $ 2,656,168
Class A Registrations
Up to 4,001 lbs. 965,180 $10.00 $ 9,651,800
4,001-8,000 lbs. 688,924 $30.00 $20,667,720
Duplicate Registration 38,471 $10.00 $ 384,710
Duplicate Plate/Decal 13,595 $10.00 $ 135,950
Driver’s License Documents
Quantity Increase Total
Driver’s License/yr
(8 year period) 199,010 $32.00 $6,368,320
(Includes GDL 3’s)
Identification Cards 23,000 $4.00 $ 92,000
Duplicate Dr License 100,000 $10.00 $ 1,000,000
Driving Record 500,000 $ 5.00 $ 2,500,000
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2015
Increase/Decrease
(use"-") |
2016
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
57,108,026 |
57,108,026 |
57,108,026 |
Explanation of above estimates (including long-range effect):
The purpose of this bill is to increase fees for certain services and documents issued by the Division of Motor Vehicles as indicated below:
• Increase the fee for Certification of Records from $1 to $3 per record. The Division produces approximately 15,000 certified records each fiscal year. Increasing the fee will increase revenue to be deposited into the State Road Fund by $30,000.
• Increase the fee for vehicle records from $1 to $7 per record. The Division produces approximately 5,000 vehicle records each fiscal year. Increasing the fee will increase revenue deposited into the State Road Fund by $30,000.
• Increase title document fees from $5 to $21. The Division generates approximately 814,016 titles (duplicate and instant print titles included) each year. Increasing the fee will increase revenue deposited into the State Road Fund by $13,024,256.
• Increase the vehicle registration transfer fee from $5 to $6. The Division issues approximately 201,708 transfers each year. Increasing the fee will increase revenue deposited into the State Road Fund by $201,718.
• Increase the fee for cosmetic and reconstructed vehicle titles from $5 to $21. The Division issues approximately 1,000 cosmetic damaged vehicle titles each fiscal year. Increasing the fee will increase the revenue deposited into the State Road Fund by $237,584.
•
Increase the fee for salvage vehicle titles from $15 to $21. The Division issues approximately 21,300 salvage vehicle titles each year. Increasing the fee will increase the revenue deposited into the State Road Fund by $127,800.
• Increase the fee to add or release a lien from $5 to $13. The Division adds or releases approximately 332,021 liens each year. Increasing this fee will increase the revenue deposited into the State Road Fund by $2,656,168.
• Increase the registration fee for class A passenger vehicles weighing less than 4,0001 pounds from $28.50 to $38.50. The Division renews approximately 956,180 of these Class A registrations each year. Increasing this fee will increase revenue deposited into the State Road Fund by $7,651,800.
• Increase the registration fee for Class A passenger vehicles weighing between 4,001 and 8,000 pounds. The Division renews approximately 688,924 of these Class A registrations each year. Increasing the fee will increase the revenue deposited into the State Road Fund by $20,667.720.
• Increase the duplicate registration fee from $5 to $15. The Division issues approximately 38,471 duplicate registrations each year. Increasing the fee will increase the revenue deposited into the State Road Fund by $384,710.
• Increase the fee for issuing duplicate license plates or decals from $5 to $15. The Division issues approximately 13,595 duplicate license plates and decals each year. Increasing the fee will increase revenue deposited into the State Road Fund by $135,950.
• Increase the fee for a Class E or standard driver’s license from $2.50 to $6.50 per year (GDL Level 3 licenses included). Each year, the Division issues approximately 318,416 driver’s licenses. Increasing the fee will generate an additional $6,368,320 per year deposited into the State Road Fund . This is based on a $4.00 increase per year, making the total increase $32, as the licenses will be renewed every eight years. Because the Division is changing to an eight year renewal cycle, it is estimated that 62.5% of the current 318,416 would be issued each year, or 199,010 per year.
• Increase the fee for identification cards from $2.50 to $6.50 per year. Each year the Division issues approximately 23,000 identification cards. Increasing the fee will generate an additional $92,000 per year deposited into the State Road Fund.
• Increase the fee for a duplicate driver’s license from $5 to $15. Each year the Division issues approximately 100,000 duplicate driver’s licenses. Increasing the fee will increase the revenue deposited into the State Road Fund by $1,000,000.
• Increase the fee for a driving record from $5 to $10. The Division issues approximately 500,000 driving records each year. Increasing the fee will increase revenue deposited into the State Road Fund by $2,500,000.
Memorandum
Person submitting Fiscal Note: Jerry L. Conrad
Email Address: jerry.l.conrad@wv.gov